XAUUSD Technical Analysis 16.02.2022 1h chart

– As planned and explained on the Analysis posted on 15.02.2022 1h chart, Gold has formed Resistance on the Daily within 1870 area and almost corrected the whole move and there is still more to correct to at least 1836. We also have Core Retail Sales m/m and Retail Sales m/m to be released 30min after NY Open and they are forecasting good numbers. If Actual numbers are as forecasted or even better that would give Gold more Volume to retest the 1836 Area.